A 25,000 SF C-2 zoned property in Mount Pleasant has sold for $26,500,000, or $424 per buildable SF. 398 Kingsway is prominently located at the Southwest corner of Kingsway and East 12th Avenue. The site is irregular in shape and the C-2 zoning allows outright development for four storeys, 2.50 FSR. It is not known if the intent is to develop under the existing zoning, or to rezone. The site is currently improved with older lowrise auto-service uses.

The site had been listed for sale in the Summer of 2018 with Colliers at an asking price of $30,000,000.

We are pleased to introduce 555 Beatty Street, an exceptionally rare opportunity to acquire a 50 ft. lot primed for commercial development directly across from a Skytrain Station and in amongst one of Vancouver’s trendiest and most sought after neighbourhoods. The site does not require rezoning, and allows development up to 7.0 FSR. 

Please contact us for further details about the property.

We are pleased to introduce this 26,561 SF land assembly located just half a block East of Oakridge Centre. The site has been designated in the Cambie Corridor Plan to allow an 18-storey residential tower, with a 4-storey podium, retail at grade and a requirement for 30% of the gross residential floor area to be delivered as social housing.

Please contact us for further details.

Hungerford Properties has submitted a development application for a property they own at 2288 Clark Drive at the Northeast corner of Clark and East 7th Avenue in East Vancouver. The site is currently improved with an older lowrise commercial/industrial building.

Details of the proposed development include:

• a new 4-storey self-storage building;
• 62,330 SF of storage/warehouse space;
• a total density of 3.0 FSR;
• 8 parking spaces and 18 loading spaces with access from the lane.

Under the site’s existing I-2 zoning, the application is “conditional” so it may be permitted; however, it requires the decision of the Director of Planning.

The architect for the project is The Krahn Group.

The full development application can be viewed here: https://development.vancouver.ca/pc2288clarkdr/index.htm

Reliance Properties has submitted their formal application to rezone 1166 West Pender Street, currently a 15-storey office building located on an 18,630 SF site. Reliance acquired the site through an off-market sale by our team in 2016 for $71,400,000 shortly after which the building’s sole tenant, Canada Revenue Agency, vacated the building. The building has subsequently been leased by another federal government tenant on a shorter term basis.

The plan to redevelop the property envisions as 31-storey office building, to the maximum height allowable when factoring building shadowing performance into account.

The rezoning proposal includes:

• 355,000 SF of office space;
• Average floorplates of 12,181 SF;
• 3,500 SF of retail space;
• a total density of 18.73 FSR;
• a building height of 387.5 ft.;
• six levels of underground parking with 199 vehicle parking stalls and 198 Class A bicycle parking spaces.

The application describes the architectural building character as follows: “1166 West Pender will house 31 floors of office space, blending high design, ecological responsibility, and civic enhancement. The building brings strategic densification to the area, adding 354,978 sf of office space and commercial amenities to a constrained site in the downtown Coal Harbour neighbourhood. Replacing an existing 15-storey office tower, the sinuous 31-storey tower will introduce a strong architectural presence and enhance the public realm. The shape and form of the tower are directly informed by the surrounding buildings and the limitations of the site. Convex and concave exterior walls respond to the contours of the adjacent buildings to form an undulating body wrapped in ceramic-fritted curtain wall glazing. A curved white glass curtain wall affords unobstructed views and establishes a distinct character and impressive presence. The ceramic frit also reduces thermal transmission, lowering heating and cooling costs and improving the building’s sustainability.”

This application is being considered under the Rezoning Policy for the Central Business District (CBD) and CBD Shoulder and the Higher Buildings Policy.

The architect team for the project is Hariri Pontarini Architects with IBI Group.